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2006 SESSION

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SB 195 Airports Revolving Fund; prepayment of loans from Fund.

Introduced by: Martin E. Williams | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Airports Revolving Fund; prepayment of loans from the Fund.  Provides that the Virginia Resources Authority (VRA) may not include as a provision in a loan from the Fund any penalty for early payment. The bill would allow the Authority to charge and collect costs directly relating to the defeasance of principal and interest on obligations issued by the Authority. The bill would also prohibit VRA from collecting a prepayment penalty on any loan outstanding to a local government as of June 30, 2006.

FULL TEXT

• 01/10/06  Senate: Prefiled and ordered printed; offered 01/11/06 069158848  pdf | impact statement

HISTORY

• 01/10/06  Senate: Prefiled and ordered printed; offered 01/11/06 069158848
• 01/10/06  Senate: Referred to Committee on Transportation
• 01/26/06  Senate: Rereferred from Transportation (15-Y 0-N)
• 01/26/06  Senate: Rereferred to Finance
• 02/08/06  Senate: Stricken at request of Patron in Finance (15-Y 0-N)